Davis Weiss
The Patient Protection and Affordable Care Act is a federal statute that was signed into law in America by President Barack Obama on March 23, 2010. It is divided into 10 titles.
The bill contains provisions that will go into effect on June 21, 2010 and September 23, 2010. Also, the additional provisions will go into effect in 2014. Title I of H.R. 3590 will ensure quality affordable health care for all Americans by eliminating discriminatory practices by health insurers such as pre-existing condition exclusions. Title I also extends dependant coverage up to age 26, caps insurance companies non-medical expenses, and prevents unfair termination of insurance policies. Title II expands eligibility for Medicaid to lower
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The Congressional Budget Office estimates that about 8 million such persons would remain uninsured. Additionally, the bill restricts access to abortion services in the Health Benefits Exchanges and, in particular, for people receiving federal subsidies. The Patient Protection and Affordable Care Act saves money by reducing the cost of premiums that families and individuals pay to maintain their health insurance policies. It also saves money by getting rid of waste in the medical industry by establishing a center where physicians can report waste and by supporting comparison shopping for medical equipment. In addition, the act helps small businesses to save money by giving them the opportunity to offer health benefits to their employees without devastating the budget of their company. The Patient Protection and Affordable Care Act raise revenue by imposing an annual fee on the health insurance sector. Such fees would be imposed on insurance companies that sell high cost health insurance plans. The fee is designed to generate smarter, more cost-effective health coverage choices. The reconciliation bill delays this new fee until 2018 so that plans have time to implement reform and begin to save from its efficiencies. The amount of the fee is $8.0 billion in 2014, $11.3 billion in years 2015-2016, $13.9 billion in 2017, and $14.3 billion in 2018. According to the Congressional Budget Office (CBO), the legislation
The Affordable Care Act aims to help small businesses get health insurance for their workers. According to the US government, the Act should "help increase the number of primary care physicians, nurses, physician assistants and other health care professional.
The ACA provides various benefits to Medicaid enrollees by expanding coverage to include mental health, prescription drugs, family planning services, hospice care for children, tobacco cessation, preventive and obesity related services. The main provision of the act is to reduce cost while improve the quality of care and the way it is delivered. The law prohibits insurance companies from dropping coverage for any reason, provide insurance even if there is a pre-existing condition. Provide coverage for preventive services and immunizations. Dependant coverage is extended up to age 26. The law established a cap on insurance company’s spending on non-medical costs and administrative expenditures. Insurance companies cannot charge more money based on an individual’s health status, gender or salary. The ACA reforms Medicare by closing the coverage gap also known as the “donut hole” by continuing coverage for prescription drugs.
The Patient Protection and Affordable Care Act (PPACA), commonly called Obamacare, or the Affordable Care Act (ACA), is a United States federal statute signed into law by President Barack Obama on March 23, 2010 (Martin, 2015). It is designed for Americans to have insurance or be penalized with 1% of your income for the beginning of last year and will raise up towards 2.5% by the beginning of 2016. Also, health care reform was created to fix our health care systems since the cost of the systems is increasing every year in price. The goal of ACA is to help out the insured with being provided with quality care through health care organizations. Thus the ACA is intended to prevent the uninsured from catastrophic medical expenses which not only
The Affordable Care Act was signed into law by President Barack Obama in March 2010. Many of the provisions of the law directly affect health care providers. Review the following online resources:
The US healthcare system is currently undergoing what is arguably its biggest change since its enactment in 1935 with the Social Security Act. The Patient Protection and Affordable Care Act was signed into law on March 23, 2010 by President Barack Obama in an attempt to bring cost free preventative care to all American citizens. And while this may sound like good news since it will help take care of the 54 million Americans that were uninsured in 2010 when this Act was signed (Kocher 2010) not all of these changes to the healthcare system are beneficial. Many citizens will find themselves penalized by the fees and requirements of the ACA, along with many others
The Patient Protection and Affordable Care Act was signed into law by President Barack Obama in March of 2010. This law provides equal access to medical care, lowered health care costs and eliminates denial of coverage of pre-existing conditions to the millions of the uninsured and insured Americans that were without and denied health care coverage. Patients who were denied coverage due to pre-existing conditions can now look forward to relief and great improvement because their illness is covered in the new policy, and care is now provided for them at next to minimal cost (Stehly,
The Patient Protection and Affordable Care Act., a health reform, known as the “Obamacare” was signed into law by formal President Barack Obama on March 23, 2010.
Signed into law by President Obama on March 23, 2010, the Patient Protection and Affordable Care Act, also known as the Affordable Care Act and more commonly known as Obamacare, is arguably the most significant piece of social legislation the United States has passed since Medicare and Medicaid in the 1960’s. The law works to reduce health care spending in the U.S., provide more Americans with access to health insurance, give higher quality care, and make healthcare more affordable. The bill has been known for its extensive length (the condensed version of the law itself is 906 pages long and there thousands of pages of regulations) and with so many details packed in, it’s easy for Americans to get confused. Many argue that Obamacare has done more harm than good for our country; others call it a huge success. Whatever your opinion may be, it’s important to take a look at the advantages and disadvantages of the act and the many changes that have been made since it was first signed into law.
The Patient Protection and Affordable Care Act (PPACA) or Affordable Care Act (ACA) for short, is the new health care reform law in the United States of America and is often referred to by its nickname Obama Care. The Affordable Care Act was signed into law on March 23, 2010, to reform health care in the United States of America. ACA is a part of the Democratic Congress and President Obama’s efforts to reform the American health care system in order to provide health insurance to millions of uninsured American citizens and lower the expenses linked to health care. This new health care act is one that contains various enhancements to the quality and availability, as well as the affordability of health insurance. There have also been improvements with the new cost cutting measures, rules and regulations for both public and private health insurance companies along with the health care industry. Since the ACA was signed into law,
Patient protection and affordable care act was enacted in 2010 with the main purpose of minimizing the cost, improving the obtainability and affordability of health insurance. Uninsured rate will decreased at a faster rate.. It will achieve healthcare reachability to as many people as by extending public and private insurance. The Affordable act has included following: any one with pre-existing condition can not be denied of coverage, children under 26 may be eligible for coverage under their parents insurance, insurance companies can not cancel your coverage due to withdrawals.
The Patient Protection and Affordable Care Act (PPACA) signed into law by president Obama on March 23, 2010 is arguably the most extensive reform of health care law ever to be enacted in the U.S. It will impact the way professionals practice health care, the way insurance companies handle health care as a product, and the way consumers purchase and use health care as a service. The Affordable Health Care Act is primarily aimed at reducing the number of uninsured Americans and reducing the overall costs of health care from an administrative and consumer standpoint. The PPACA requires insurance companies to cover all applicants and offer the same rates to all applicants of the same age
The Affordable Care Act, signed into law on March 23, 2010, consists of 10 titles which provide Americans with health benefits. Sometimes this is referred to as “Obamacare” or the Patient Protection Act. The basis of the ACA is to assure that Americans can afford quality health insurance, without discrimination, while making purchasing insurance competitive for buyers, while also eliminating the uninsured (U.S. Department of Health and Human Services [HHS], 2015a). This allows the consumer to take control of their health care while making informed choices. By providing affordable health care, this will help reduce wasteful spending that does not improve the quality of health care, which could generate an annual savings of around $140 billion after a five-year period (Sahni, Chigurupati, Kocher, & Cutler, 2015). All American’s were required to be insured either by purchasing private insurance, by their employer, or
On the whole, the Affordable Care Act reduces healthcare costs while providing better quality services for citzens accross the US. Farley says that the ACA’s reforms to Medicare saved “17 billion in fiscal year 2013” thanks to reductions in payments to private health insurance companies cover their customers through Medicare Advantage as well as adjustments to the annual updates to Medicare provider rates (Farley, 2014). This protects consumers from excessive charges by their insurance providers, by limiting how much insurance providers spend on their own services. And even though the cost of health care, per capita, is gradually increasing, the rate of that growth has decreased over time, thanks to the stipulations, as well as method of implementations, of the ACA. ++++++++++++++++++++++++++=
Title I. Quality, Affordable Health Care for all Americans will allow for the following: 1. Mandate that all Americans must be insured, unless they meet a certain income level, this helps to reduce overall cost. 2. Individuals cannot be denied coverage due to pre-existing illness and 3. Individuals who cannot affordable coverage will get assistance from the government; either through subsidy or Medicaid expansion in those states that chose to accepts.
The Patient Protection and Affordable Care Act, which is also known to many as Obamacare, was signed into law on March 23, 2010 in order to reform the healthcare industry in the United States. The Patient Protection and Affordable Care Act is made up of the Affordable Health Care for America Act, the Patient Protection Act, the Health Care and Education Reconciliation Act of 2010 and the Student Aid and Fiscal Responsibility Act. It also includes amendments to many existing U.S. laws. The Affordable Care Act is very long to read, according to Obamacarefacts.com, “The Affordable care Act contains over a thousand pages of reforms to the insurance and health care industries.” However, most of the important reforms are included in the first